‘A different deal on the table’: AG Jay Jones asks SCC to reset the clock on Dominion-NextEra merger

(VIRGINIA MERCURY) - Attorney General Jay Jones told state regulators Friday that they should reset the 180-day review time period for the $67 billion Dominion Energy-NextEra Energy merger proposal, after the companies unveiled expanded conditions of the deal last week.

On Sept. 14, Dominion and NextEra jointly filed supplemental documents to the State Corporation Commission outlining new additions to the proposal, including extending residential customers’ bill credits to four years instead of two.

The companies also pitched five-year job protections for Virginia staff working on the project, instead of 18 months, and a promise of a new office tower in downtown Richmond.

In the filing, NextEra CEO John Ketchum said several stakeholder hearings since the original filing of the case on July 15 prompted the changes that could make the deal more attractive.

You can read the full story at virginiamercury.com.